Shanghai Chinafortune Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	567.05	365.39	397.31	352.16	494.72	708.29
Depreciation & Amortization, Total	118.26	118.26	170.39	154.19	105.19	46.66
Gain (Loss) On Sale of Investments	-129.31	-129.31	-269.94	-94.47	-325.66	-674.03
Change in Accounts Receivable	1,654	1,654	-1,368	2,008	-2,746	124.51
Change in Accounts Payable	4,718	4,718	-1,316	1,003	2,835	2,112
Change in Other Net Operating Assets	-	-	-	-1,127	2,053	-242.55
Other Operating Activities	-4,212	27.61	360.53	333.14	311.28	243.74
Operating Cash Flow	2,972	7,011	-2,021	1,601	-721.03	515.57
Capital Expenditures	-67.3	-83.72	-136.5	-134.47	-122.13	-77.27
Investment in Securities	-1,771	-1,859	525.02	214.44	914.7	-168.23
Other Investing Activities	511.08	244.53	20.44	28.05	28.99	21.12
Investing Cash Flow	-1,327	-1,698	505.18	141.98	821.64	-225.98
Short-Term Debt Issued	-	202.67	175.38	250.9	-	-
Long-Term Debt Issued	-	9,180	6,500	3,206	7,254	2,867
Total Debt Issued	12,253	9,383	6,675	3,457	7,254	2,867
Short-Term Debt Repaid	-	-6,970	-4,467	-4,178	-	-
Long-Term Debt Repaid	-	-1,095	-104.89	-91.84	-3,901	-977.07
Total Debt Repaid	-9,202	-8,065	-4,572	-4,270	-3,901	-977.07
Net Debt Issued (Repaid)	3,050	1,318	2,103	-813.24	3,353	1,890
Common Dividends Paid	-399.36	-434.25	-400.31	-502.07	-447.11	-226.53
Other Financing Activities	1,175	-260.79	-1,414	654.97	-1,292	-568.74
Financing Cash Flow	3,826	622.88	288.24	-660.34	1,613	1,094
Foreign Exchange Rate Adjustments	0.35	1.24	0.79	2.31	-0.54	-1.27
Net Cash Flow	5,472	5,937	-1,226	1,084	1,713	1,383
Free Cash Flow	2,905	6,927	-2,157	1,466	-843.16	438.3
Free Cash Flow Growth	41.15%	-	-	-	-	-49.00%
Free Cash Flow Margin	135.60%	387.90%	-139.60%	74.70%	-45.63%	30.59%
Free Cash Flow Per Share	2.69	6.45	-2.01	1.37	-0.80	0.41
Cash Interest Paid	916.16	754.89	655.69	670.34	584.96	447.34
Cash Income Tax Paid	254.04	78.95	184.74	210.53	297.3	290.62

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.